YuMe, a US-based operating system for internet-enabled televisions, is planning to raise $65m in an initial public offering (IPO). The announcement comes less then a week after rival video-ad company Tremor filed its IPO.
The total raised by YuMe, which was founded in 2004, is around $72.9m. Investors included Accel Partners, BV Capital , DAG Ventures, Intel Capital, Khosla Ventures, Menio Ventures, Samsung Venture, and Translink Capital.
YuMe’s revenue was $116.7m in 2012. The company is projected to more than double to $9.06 billion in 2017 from $4.14 billion this year, according to researcher EMarketer Inc.